Marshall Wace LLP Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

Marshall Wace LLP bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,777 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also recently made changes to their positions in OBDC. Atomi Financial Group Inc. grew its stake in Blue Owl Capital by 5.5% in the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock worth $215,000 after purchasing an additional 733 shares during the period. Strategies Wealth Advisors LLC grew its stake in Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after purchasing an additional 745 shares during the period. Intellectus Partners LLC boosted its holdings in Blue Owl Capital by 0.7% in the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock worth $1,901,000 after acquiring an additional 809 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in Blue Owl Capital by 2.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock worth $679,000 after acquiring an additional 881 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Blue Owl Capital by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock worth $381,000 after acquiring an additional 910 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.3 %

OBDC stock opened at $14.85 on Friday. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The business’s 50-day moving average is $14.75 and its two-hundred day moving average is $15.45. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 7.50 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The company had revenue of $396.76 million for the quarter, compared to the consensus estimate of $388.84 million. As a group, analysts forecast that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.06 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. Blue Owl Capital’s dividend payout ratio is presently 74.75%.

Insiders Place Their Bets

In related news, Director Edward H. Dalelio purchased 2,500 shares of Blue Owl Capital stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares in the company, valued at $135,420.32. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OBDC shares. Keefe, Bruyette & Woods dropped their target price on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 20th. Wells Fargo & Company lowered their price target on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Monday, August 12th. Truist Financial lowered their price target on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.94.

Blue Owl Capital Profile

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.